Fresh virus fears dampen German consumer optimism ...Middle East

BERLIN: German consumer confidence is set to stagnate in August, a key survey said Wednesday, as renewed concerns over the coronavirus pandemic put the brakes on early-summer optimism in Europe’s biggest economy.Pollster GfK’s forward-looking barometer remained at minus 0.3 points heading into August, flatlining at the same level as a month previously after a strong bounce in June.“The period of falling infection rates is over, and case numbers are rising again,“ said GfK consumer expert Rolf Buerkl in a statement.“The speed of the vaccination rollout has also slowed considerably, despite there being enough vaccines. This has prevented another significant jump in consumer mood,“ he added.Inf

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